Hewlett Packard Enterprise Co (NYSE:HPE) insider Antonio F. Neri sold 591,276 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $16.51, for a total value of $9,761,966.76. Following the completion of the sale, the insider now directly owns 59,110 shares of the company’s stock, valued at approximately $975,906.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of HPE traded down $0.43 during trading hours on Friday, hitting $14.79. 14,643,535 shares of the stock were exchanged, compared to its average volume of 7,546,535. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.80 and a current ratio of 0.94. Hewlett Packard Enterprise Co has a 12-month low of $12.09 and a 12-month high of $17.82. The stock has a market capitalization of $20.27 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 1.47 and a beta of 1.55.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, February 21st. The technology company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.07. The firm had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.68 billion. Hewlett Packard Enterprise had a return on equity of 11.31% and a net margin of 2.11%. During the same period in the previous year, the business earned $0.34 earnings per share. On average, analysts predict that Hewlett Packard Enterprise Co will post 1.64 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in Hewlett Packard Enterprise by 2.6% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 24,146 shares of the technology company’s stock worth $373,000 after acquiring an additional 621 shares in the last quarter. Private Ocean LLC increased its holdings in Hewlett Packard Enterprise by 34.9% during the 1st quarter. Private Ocean LLC now owns 2,584 shares of the technology company’s stock worth $40,000 after purchasing an additional 668 shares during the period. Stephens Inc. AR increased its holdings in Hewlett Packard Enterprise by 4.9% during the 4th quarter. Stephens Inc. AR now owns 16,877 shares of the technology company’s stock worth $223,000 after purchasing an additional 788 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in Hewlett Packard Enterprise by 12.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 7,471 shares of the technology company’s stock worth $99,000 after purchasing an additional 808 shares during the period. Finally, Signaturefd LLC increased its holdings in Hewlett Packard Enterprise by 7.2% during the 1st quarter. Signaturefd LLC now owns 12,353 shares of the technology company’s stock worth $191,000 after purchasing an additional 834 shares during the period. 82.98% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on HPE shares. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Tuesday, February 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $15.00 target price (down previously from $21.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, January 16th. BMO Capital Markets reaffirmed a “hold” rating and set a $16.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, February 21st. ValuEngine raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, Daiwa Capital Markets initiated coverage on Hewlett Packard Enterprise in a report on Monday, April 1st. They issued a “hold” rating and a $16.00 price target for the company. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.92.
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Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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